As there are Californians still moving here, the vast majority are instead picking the states with low or no state income tax like Texas, Florida, or Tennessee.Although we still have a positive influx of people moving here, more people have been leaving due to rising housing costs in recent years.To put it in perspective, we saw around +45k in the 2010's.Overall, CO is basically a balanced net migration in recent years which is likely to keep home prices steady....

-Markets with promising ROI potential and steady demand.

It will need to be done slow and steady but if done with quality properties, in 5-10 years you will have a very strong portfolio.Best of luck.

In other words held for steady cash flow.My VARIABLE (note) PORTFOLIO consists of more active/speculative notes - non performing notes I purchased at discount to principal owed; notes I hope to “work” for enhanced ROI, real property I “purchased” with a leaseback option to repurchase, and defaulted notes I purchased planning on eventually taking ownership of the real estate, as well as notes I created that don’t have current payments but provide a guaranteed return plus an equity “kicker” when the property is sold. 

We’re still holding steady and hoping to get it rented in the next month or so.

The Birmingham market has been showing steady growth, with increasing demand for both single-family homes and multi-family properties.

The Phoenix market has remained strong, with steady population growth and rising home values creating solid opportunities for both flips and new builds.

It's a steady march to zero.

And indeed they do this all the time.I would get your own accountant's temperature on this first.   

Mortgage rates would likely hold steady.